Event: Germany's federal grid agency (BNetzA) said Tuesday that solar capacity rose by an estimated 3 GW in the first half of the year as solar panel operators rushed to register their units to benefit from higher feed-in tariffs. Operators of solar PV panels need to register their units with the BNetzA to benefit from subsidies paid for solar-generated power.
Implication: Germany's high installation number in 1H10 may just be a remind to investors that higher percentage FIT cut should be anticipated in 2011. According to German "soft cap" policy, 1% will be added to the scheduled FIT digression rate in the beginning of 2011 for each one-GW new installation capacity in excess of the 3.5GW "soft cap" in 2010. While strong and back end loaded demand in 2H10 is likely driven by speculation of further FIT cuts, the implication to 2011 demand is worse. We should see risks of sharp demand slowdown in Germany due to project return deterioration from the first quarter of next year.
http://www.platts.com/RSSFeedDetailedNews.aspx?xmlpath=RSSFeed/HeadlineNews/ElectricPower/8946360.xml
No comments:
Post a Comment